FILING OF ANNUAL RETURN UNDER GST
By: – DR.MARIAPPAN GOVINDARAJAN
Goods and Services Tax – GST
Dated:- 10-9-2018
Annual Return
Section 44 of the Central Goods and Services Tax Act, 2017 ('Act' for short) provides the registered person under GST is liable to file annual return every year on or before 31st December following the end of the financial year. The Input Service Distributor, casual taxable person, a non resident taxable person and the persons who are liable to deduct tax at source and collect tax at source are not required to file the Annual Return. The e-commerce operators are to file annual statement. The Annual return shall be filed electronically.
Audit of accounts
Section 35(5) of the Act requires that every registered person whose turnover during a financial year exceeds ₹ 2 crores shall get his accounts audited by a chartered accountant or a cost accountant. The registered person has to furnish the audited accounts along with the Annual return.
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in FORM GSTR -9A.
Audited accounts & reconciliation Statement
Every registered person whose aggregate turnover during a financial year exceeds two crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner.
Form GSTR – 9 and form GSTR – 9A have been introduced by the Government vide Notification No. 39/2018-Central Tax, dated 04.09.2018. Form GSTR – 9B and Form GSTR – 9C have not yet been introduced. Without Form GSTR -9C in which audited annual accounts and a reconciliation statement are to be certified, the annual return could not be filed by the registered person. It is hoped that the Central Government would introduced by means of an amendment to the Rules in future.
Form GSTR – 9
The annual return GSTR – 9
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ces, inward and outward supplies on which tax is payable as declared in returns filed during the financial year
(a) Supplies made to un-registered persons (B2C);
(b) Supplies made to registered persons (B2B);
(c) Zero rated supplies (Export) on payment of tax (except supplies to SEZ);
(d) Supplies to SEZ on payment of tax;
(e) Deemed Exports;
(f) Advances on which tax has been paid but invoice has not been issued (not covered under (a) to (e) above);
(g) Inward supplies on which tax is to be paid on reverse charge basis;
(h) Sub total(a) to (g) above;
(i) Credit notes issued in respect of transactions specified in (b) to (e) above (-);
(j) Debit notes issued in respect of transactions specified in (b) to (e) above (+);
(k) Supplies/tax declared through amendments (+);
(l) Supplies/tax reduced through amendments (-);
(m) Sub total (i) to (l);
(n) Supplies and advances on which tax is to be paid (h) + (m) above.
5. Details of Outward Supplies on which tax is
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upplies liable to reverse charge but includes services received from SEZs) – Inputs/Capital goods/Input services
(c) Inward supplies received from unregistered persons liable to reverse charge (other than b above) on which tax is paid & ITC availed – Inputs/Capital goods/Input services
(d) Inward supplies received from registered persons liable to reverse charge (other than b above) on which tax is paid and ITC availed – Inputs/Capital goods/Input services
(e) Import of goods (including supplies from SEZs) – Inputs/Capital goods
(f) Import of services (excluding inward supplies from SEZs)
(g) Input Tax credit received from ISD
(h) Amount of ITC reclaimed (other than B above) under the provisions of the Act
(i) Sub-total (b to h above)
(j) Difference (i – a above)
(k) Transition Credit through TRAN-1 (including revisions if any
(l) Transition Credit through TRAN-II
(m) Any other ITC availed but not specified above
(n) Sub-total (K to M above)
(o) Total ITC av
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]
(i) Difference [(g) – (h)]
(j) ITC available but not availed on import of goods [Equal to (i)]
(k) Total ITC to be lapsed in current financial year (e+f+j)
9. Details of tax paid as declared in returns filed during the financial year
* Integrated tax
* Central Tax
* State/UT Tax
* Cess
* Interest
* Late fee
* Penalty
* Other
For all the above the details as furnished below should be given-
* Tax payable
* Tax paid though-
* Cash
* ITC (IGST/CGST/SGST/UTGST/Cess
Particulars of the transactions for the previous FY declared in returns of April to September of current FY or upto date of filing of annual return of previous FY whichever is earlier
10. Supplies / tax declared through Amendments (+) (net of debit notes)
11. Supplies / tax reduced through Amendments (-) (net of credit notes)
12. Reversal of ITC availed during previous financial year
13. ITC availed for the previous financial year
14. Differential tax paid on account of declaration in 10
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